LIVE CRUDE OIL PRICE UPDATED BY WILSONCOMMODITY CONTACT US : 7617666862/8077693546

Oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela, but analysts warned that signs of a sharp economic slowdown could soon drag on crude markets.

Brent crude oil futures were at $67.46 per barrel at 0110 GMT, up 25 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) futures were at $59.31 per barrel, up 49 cents, or 0.8 percent, from their last settlement.

Oil prices have been supported for much of 2019 by efforts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia, who have pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets.

Prices have also been driven up by U.S. sanctions on oil exporters and OPEC-members Iran and Venezuela. GRAPHIC: Russia, Saudi & Rest of OPEC crude oil production,click https://tmsnrt.rs/2CHr9lJ

 

INDIA’S NO. 1 ADVISORY COMPANY
CALL/WHATSAPP@7617666862
WWW.WILSONCOMMODITY.COM
https://api.whatsapp.com/send?phone=917617666862

Leave a Reply

Your email address will not be published. Required fields are marked *